New Investments
Sahel Capital Backs Nigeria’s Agriarche to Boost Market Access for Smallholder Farmers
Sahel Capital, through its Social Enterprise Fund for Agriculture in Africa (SEFAA), has provided a $500,000 working capital loan to Agriarche, a company focused on improving market access for smallholder farmers in Nigeria.
The investment aims to enhance connections between farmers and fast-moving consumer goods (FMCG) companies, strengthening Nigeria’s agricultural supply chains.
Agriarche plays a crucial role in addressing challenges within Nigeria’s fragmented commodity value chains.
The funding will enable the enterprise to expand its reach, ensuring stable pricing for farmers and optimizing the agricultural supply network for FMCG companies.
According to Deji Adebusoye, a partner at Sahel Capital, Agriarche is making a significant impact on smallholder farmers’ livelihoods by leveraging technology to reduce the distance between farmers and economic hubs.
This has led to fairer pricing and greater reinvestment opportunities for farmers.
“By partnering with Agriarche, FMCG companies can drive meaningful impact for smallholder farmers, who remain the backbone of Nigeria’s food system,” Adebusoye noted.
Sahel Capital manages multiple funds, including the Fund for Agricultural Finance in Nigeria (FAFIN), which supports SME agribusinesses in the country, and SEFAA, which provides structured debt financing to agribusiness SMEs across 13 sub-Saharan African countries.
The firm is also in the process of raising capital for a new investment initiative, the Sahel Capital Agribusiness Fund II, aimed at expanding agribusiness opportunities across West Africa.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like…
Ghanaian PE Firm Injaro Invests $2 Million in Fintech Startup Zeepay
Injaro Investment Advisors, a Ghanaian private capital fund manager, has announced a $2 million equity investment in Zeepay Ghana Limited, a wholly Ghanaian-owned global mobile finance service (MFS) provider.
E4E Africa Secures $30 Million in First Close for Fund II to Empower Impactful Startus in Africa
South Africa’s E4E Africa, a venture capital firm powered by entrepreneurs, has secured $30 million for the first close of its E4E Africa Fund II.
President Biden Announces Over $1 Billion in Support to Tackle Food Insecurity in Africa
President Joseph R. Biden has announced more than $1 billion in additional humanitarian assistance to address urgent needs arising from food insecurity and crises affecting refugees, internally displaced persons (IDPs), and vulnerable communities in 31 African countries.